For the first time in Four long years, the Bank of Canada dropped short-term interest rates by 25 basis points to 0.75% this week, an unheard rate due to the collapse in Oil prices of over 60% since last June. (Click here for more details) Well folks, you can't say you didn't hear it on … Continue reading Weapons of Economic Destruction
Last week, many factors hit the Canadian retail industry pretty hard: Target Canada announced it was pulling the plug in Canada effectively closing 133 stores and laying off 17,600 people, Sony Canada will be shutting all of it's entire retail stores and Mexx Canada will be closing it's doors as well. On top of all … Continue reading What a Week last week!
TORONTO, January 16, 2015 – Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 1,409 sales through the TorontoMLS system during the first 14 days of January 2015. This result was up by 9.8 per cent compared to the same period in 2014. Sales were up on a year-over-year basis … Continue reading GREATER TORONTO REALTORS® REPORT MID MONTH RESALE MARKET FIGURES
I wanted to first off begin by letting readers know that I am currently short the oil market and have been since the first week of December 2014. Which is the week after the Nov. 27th meeting of OPEC members and they decided to not cut production of oil and allow the ‘market to price’ … Continue reading Oil markets volatile and will impact the Canadian Housing market in 2015
In order to accomodate the growing demand on my insights on the investing world and how this impacts the housing market in Canada, I have decided to blog my thoughts in this world and I hope that this in turn gives you (the reader) true, un-bias, independant information on how to construct your investment and … Continue reading NEW topics impacting the Canadian housing market